The U.S. oil rig count rose to a new record last week as energy companies including First Titan Corp. boosted exploration to take advantage of crude prices topping $100 a barrel.And so it is.
Baker Hughes Inc. reported that rigs engaged in exploration and production in the U.S. totaled 1,989 for the week ended March 2, 2012. The oil rig count was up by 28 to 1,293. The current tally – the highest since Baker Hughes started breaking up oil and natural gas rig counts in 1987 – is way above the previous year’s rig count of 801.
Thursday, March 8, 2012
Oil Rigs in US At All-Time High
Link here to PennEnergy.
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Damn..why is Obama so Anti-oil...oh..wait...
ReplyDeleteAs long as the drilling is not on federal land, off-shore, Alaska, California, .... the remarkable thing is that private entrepreneurs have been able to do this despite all the headwinds set up by the Obama administration.
DeleteI am not a Gingrich apologist but his recent speech on the situation was quite enlightening.
Thank you for a page view.
Think more folks need that enlightening. instead of bashing the messenger. We need all energy sources! and Food sources! Seems like being wise on life, is at a low point! To much bad information! Need more solutions and taking action! maybe to many political speakers are to scripted. No critical thinking side of life!
DeleteI'm thinking the Chinese have a lot of people to take care of! Wish the US was a bit more active on the thought! Obama maybe could learn a few lessons from that!
DeletePoor guy is barking up the wrong tree!
DeleteThank you for your support. Your comment was a lot more pithy than mine. Thank you for taking time to comment.
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